All Spirit Airlines articles – Page 5
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NewsSpirit Airlines’ board recommends shareholders approve richer Frontier bid
Spirit Airlines has recommended shareholders approve Frontier Airlines’ increased acquisition offer after Frontier sweetened the deal by $2 per share, and raised its reverse termination fee to $350 million.
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NewsJetBlue hikes Spirit acquisition offer to $3.6 billion
JetBlue Airways has upped to $33.50 per share its offer to purchase ultra-low-cost carrier (ULCC) Spirit Airlines, bringing the value of its proposal to about $3.64 billion.
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NewsSpirit delays shareholder vote on Frontier acquisition
In the latest twist in the drama around Frontier Airlines’ proposed acquisition of ultra-low-cost carrier Spirit Airlines, Spirit has delayed a key shareholder vote that had been scheduled for later this week.
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NewsJetBlue sweetens offer to purchase Spirit
JetBlue Airways has sweetened its offer to purchase Spirit Airlines by agreeing to pay a $350 million fee if regulators torpedo the deal due to anti-trust reasons.
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NewsFrontier adds $250m termination fee to Spirit offer
US operator Frontier Airlines has added a $250 million reverse termination fee to its agreed offer for ultra-low-cost carrier Spirit Airlines in the regulators block the deal.
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NewsSpirit’s planned combination with Frontier faces fresh opposition
Spirit Airlines is facing fresh opposition to its planned acquisition by Frontier Airlines, with investors suing to stop the deal and a management consulting firm recommending against it.
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NewsJetBlue accuses Spirit’s board of conflicts of interest
An “entrenched” board of directors with ties to Frontier Airlines is behind Spirit Airlines’ disinterest in a proposed acquisition by JetBlue Airways.
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NewsSpirit, JetBlue trade more barbs in takeover saga
JetBlue Airways and Spirit Airlines have traded more barbs as the Spirit board continues to fend off a JetBlue hostile takeover attempt, and move forward with its proposed merger with Frontier Airlines.
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NewsAirline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
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NewsJetBlue accuses Spirit of bad faith in negotiations
JetBlue Airways has come out swinging against Spirit Airlines just days after launching its hostile takeover plan in an attempt to beat out Frontier Airlines in the increasingly bitter tug-of-war for the Florida-based ultra-low-cost carrier (ULCC).
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NewsSpirit will review JetBlue’s new offer, advises shareholders to sit tight
Spirit Airlines says it will review a new hostile takeover offer from JetBlue Airways but advised shareholders to take no action at this time.
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NewsJetBlue urges Spirit shareholders to scuttle planned Frontier acquisition
JetBlue Airways has launched another push to take over Spirit Airlines by urging the low-cost carrier’s shareholders to vote against a planned acquisition by Frontier Airlines.
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NewsSpirit shareholders will vote on Frontier proposal on 10 June
Spirit Airlines’ shareholders will vote on the acquisition proposal from Frontier Airlines early next month, the company has said in a filing with the US Securities and Exchange Commission.
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NewsSpirit cites anti-trust ‘red flags’ in rejecting JetBlue bid
A myriad of anti-trust issues convinced Spirit Airlines’ board to reject JetBlue Airways’ offer to acquire it, and to pursue the original proposal from Frontier Airlines.
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NewsSpirit Airlines doubles revenue in Q1, saw ‘dramatic improvement’
Spirit Airlines doubled sales in the first quarter as demand trends showed a “dramatic improvement” in the later part of the period.
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NewsSpirit confirms it rejected JetBlue’s offer due to anti-trust concern
Spirit Airlines confirms it declined JetBlue Airways’ takeover bid due to concern that the proposed merger would not receive Department of Justice (DOJ) anti-trust clearance.
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NewsSpirit board rejects acquisition by JetBlue, moves ahead with Frontier combination
Spirit Airlines has rejected an acquisition proposal from JetBlue Airways, saying its board of directors favours a competing proposal under which Frontier Airlines would acquire the budget carrier.
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NewsSpirit assists antitrust review of Frontier deal as it weighs JetBlue offer
Spirit Airlines is continuing to supply information about its proposed acquisition by Frontier Airlines to the US Department of Justice (DOJ) – even though Spirit has said a competing acquisition offer from JetBlue Airways may be superior.
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PodcastAirline Business Podcast: Challenging summer capacity ramp-up and the fight for Spirit
Graham and Lewis return to discuss the challenges facing airlines as they ramp-up operations heading into the northern hemisphere summer, notably amid staffing shortages and rising fuel prices. They also take a look at the competition to purchase Spirit Airlines, after JetBlue Airways threw its hat into the ring for ...
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NewsSpirit open to discussions with JetBlue about $3.6 billion takeover bid
Spirit Airlines will engage in discussions with JetBlue Airways about the latter’s proposed $3.6 billion all-cash takeover offer.